When history repeats itself, the first time is a tragedy; the next is a farce.…
The Difficult Art of Economic Diversification C.P. Chandrasekhar and Jayati Ghosh
Indonesia provides a stark example of an economy that diversified its pattern of trade and domestic production, only to relapse back into a dependence on primary exports.
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(This article was originally posted in the Business Line on November 10, 2014.)